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...Like its peer Sears, which filed for bankruptcy about 18 months ago, JCPenney’s difficulties began long before the advent of ecommerce....
...Twenty-five years ago, you might have thought a portfolio containing shares in General Electric and General Motors, ICI, Marks and Spencer, Barclays Bank and Sears Roebuck represented a low-risk, conservative...
...At around the same time, he tried to persuade his father to turn the family drapery store in Philadelphia into a nationwide chain “like Sears”....
...Mark Cohen, director of retail studies at Columbia University and a former chief executive of Sears Canada, doubted federal loans could resuscitate heavily indebted companies....
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...Sears, once the world’s largest retailer, filed for bankruptcy last year....
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...Big merchants like Sears and Bon-Ton have filed for bankruptcy. Around two-thirds of Levi’s 2018 revenue of $5.6bn come from wholesale channels....
...Ali Carter, economic development co-ordinator in Arlington, said the town of about 45,000 decided to act after 17 units on a single block were left unoccupied....
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